Canadian News

The Canadian stock market is pulling back Tuesday morning, following the modest gains of the previous session. Nearly every sector is trading in the red this morning, with the exception of the energy sector, which is only modestly higher. Global equity markets are weak overall Tuesday. Profit taking...

Ambassadors on the North Atlantic Council (NAC) are preparing to rehearse Alliance and partner consultation and decision making procedures against the backdrop of a fictitious crisis.
CMX15 will take place between March 4 and 10. This is the Alliance's 19th Crisis Management Exercise (CMX) since 1992.
The...

The Canadian dollar firmed against its major rivals on Tuesday, after data showed the economy grew at a faster pace than expected in the fourth quarter.
Data from Statistics Canada showed that Canadian economy grew 2.4 percent in the fourth quarter on a quarterly basis, beating expectations for a...

Canada GDP for fourth quarter and industrial product price index for January have been released at 8:30 am ET Tuesday. The loonie climbed against its major rivals after these data.
The loonie was trading at 1.2443 against the greenback, 1.3903 against the euro, 96.16 against the yen and 0.9738 against...

Canada GDP for fourth quarter and industrial product price index for January are due to be released at 8:30 am ET Tuesday. Ahead of these reports, the loonie held steady against its major rivals.
The loonie was quoted at 1.2516 against the greenback, 1.3984 against the euro, 95.68 against the yen...

Consumer price inflation in the developed economies eased for the third straight month in January to its lowest level in more than five years, dragged down by further decline in energy prices, figures from the Organization for Economic Cooperation and Development, or OECD, revealed Tuesday.
The consumer...

The euro drifted lower against the Canadian dollar in Europe on Tuesday.
The euro fell to a 4-day low of 1.3959 against the loonie, compared to yesterday's closing value of 1.4017. The next possible downside target for the euro may be found around the 1.39 zone.

Canadian financial services provider Bank of Nova Scotia or Scotiabank, reported Friday a profit for the first quarter that edged up from last year, reflecting higher net interest income, growth in wealth management revenues, and the positive impact of foreign currency translation.Adjusted earnings per share missed analysts' expectations, while quarterly revenues topped their estimates.

Oncolytics Biotech Inc. (ONCY, ONC.TO) said that the U.S. Food and Drug Administration or FDA has granted Orphan Drug Designation for its lead product candidate, Reolysin, for the treatment of primary peritoneal cancers.
The designation was granted on the basis of the company's December 2014 application...

Bristol-Myers Squibb Canada, an indirect wholly-owned subsidiary of Bristol-Myers Squibb Company (BMY), reported that a combination of two once-daily medications for chronic hepatitis C infection has been shown in newly released study results to cure almost all the patients who participated, despite...

Canadian financial services provider Bank of Nova Scotia (BNS, BNS.TO) or Scotiabank reported first-quarter net income attributable to common shareholders of C$1.65 billion, up from C$1.61 billion last year. Quarterly earnings per share were C$1.35, compared with C$1.32 in the same period a year ago.
Adjusted...

Reversing direction, the U.S. dollar declined against the pound and the Canadian dollar in late Asian deals on Tuesday.
The greenback edged down to 1.2505 against the loonie and 1.5393 against the pound, from early highs of 1.2542 and 1.5354, respectively.
The next possible downside target for...